Don't stress too much and work through your problem.

The good thing is that you're likely going to exit an asset at the beginning of a calendar year which I've seen many folks do with this strategy: When they exit a 'passive' investment and re-invest into another 'passive' investment that has paper losses, those can offset a good portion of the gains from the previous sale and thus getting a 1031 effect without the stress of 1031s. 

I hope I'm able to express my objectives/expectations clearly :) I have come across an interesting opportunity around Andersonville, but I am intimidated by the amount of work and updates that the building needs and afraid of finding myself in a renovation quagmire and potentially added stress of a renovation loan.

While this does change some things, I dont think you need to put too much stress on the credit scores changes and simply relying on that aspect as the sole reason for your decision making process on qualifying tenants.

In almost every case, probably 80% of the time, these Landlords end up making more money AFTER paying my fees and they don't have to spend the time or stress over it.You can keep flirting with danger and operating on the idea that people are generally good and will behave just because you're a nice Landlord.

The VA rules on termites can be a real pain in the butt. On

But if it starts to become excessive then you are only adding stress to your life by using that lender in the future.

Don't stress too much.

Don't stress out about this right away- you can get this rolling after you've closed on your property and gotten your feet back under you- you don't have to have it all figured out from day one.

It's so stressful to play the game but if you want to have any social life in CA you must!